Crypto: Fed releases white paper on a central bank digital currency

#Crypto #Fed #Bitcoin
Yahoo Finance's Jennifer Schonberger details the Fed's long-awaited white paper on a central bank digital currency.

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[neverlate]

The whole purpose behind Bitcoin is that it's decentralized and is a possible hedge against inflation. The Fed creating a digital currency is basically nothing more than a digital dollar that's becoming more and more worthless by the day.

[TwoGrainsOfGold]

With a “fedcoin” say goodbye to any level of private property and inheritance potential & say hello to 99% taxation withheld at source with the ability to turn off your money - and rights - anytime you make a comment such as this one! (If YT doesn’t take it down anyways). So much for the “land of the free”.

[dennisludolph]

If they do that we will all be slaves overnight

[mollyscarborough]

Who would decide the price/rate of sending a central bank digital currency crossborder? What a joke!!

[robottrainer]

stupid fed, crypto is decentralized, not centralized. Also FED, you really messed up with the whole fiat devaluing of the dollar.

[theonetrue]

I'm gonna have to say no on the a government back digital dollar.

[ЛёхаТуснаков]

the sound is not good I am quite disappointed

[hannahgreyhound]

MY portfolio has good companies, however was red all through last year. My first year of investing and have been down 35% in the March/April sell off, and now down 17% in the last sell off. I work hard for my money, so investing is making me a nervous sad reck. I don't know if I should sell everything and just sit and wait.

[jcombs]

Poor economy + high unemployment is not the time to introduce a digital coin that tracks everything you buy. Whatever happened to common sense?

[a.d.h]

American government never ceases to amaze as to how they can justify taxing digital currency when this government has nothing to do with digital currency investments

[NetWorkProduction]

How about we just get rid of the banks all together 🤔 I never liked the idea of people handling my money the way they do anyway honestly 🤷🏾‍♂️

[brandonrivera]

Choke out all the coins that actually offer ownership, freedom, and benefit the person. Push coins that they can monitor, automatically control, and technically aren’t yours. If they wanted to they could be able to pull all the “cash from your account and nothing be done about it.” Ultimately this isn’t even a cryptocurrency.

[JEDIMREAL]

I don't think private citizens would use the FED currency only governments trying to force people to. But why would they with so many other options.

[TrilLivestream]

They wanna see how many of y’all got money😂😂

[jerryjamify]

Digital slavery, big brother will turn that card off if you get to independent, and restrict you from making purchases on certain items like guns and sustainable food

[Micaelbarnes]

Haha XRP, xlm leading the way with dlp. The fed Does not have the infrastructure. X meaning international bridge currency.

[xxfluperxx]

Shiba, cro, xrp to da mooon 💎🚀💎🚀💎🚀💎🚀

[wildchild]

When you say white papers do you mean toilet paper 🧻🧻🧻🧻

[af]

Sounds like the worst Idea for Capitalism no loans no economy. They should keep the dollars physical

[skiesaboveunlimitedstargaz]

The problem of technology, IT and Finance world divisions are completely different... They completely divided from each other.. And also people from Finance don't really know how things works when it comes to IT knowledge in a sense.. In which they overlooked or over-react to things into questions.. All they know is money and the problem to it is in terms of liquidation. And Blockchain technology needs to have 1 token needs 1 equivalent value.. And ofcourse many finance will argue about this.. without equivalent value and in the end 1 token has no value... This is the problem between IT/Computer Technology vs Finance... They will come to a time within few months in time New Players out of this world that has both an IT/Computer Science/Computer Programming & Finance Knowledge background will understand how Blockchain Technology and Crypto works.. They will be the NEW PLAYERS.. Old players are just too old to understand... There is nothing wrong going back to school to start learning these things you know?? There is also online school.. In the long run, when these new Players comes out with their extraordinary background knowledge of both IT and Finance.. They will rock the entire world!! You would see Blockchain and Crypto emerging into a new SYSTEM!! Global Structure/Global Infrastructure coming into place.. New Global Best Practices and Global Consensus and Global Transparency to the Global World.. That's how we should vision the future of Blockchain and Crypto Technology. And in the end, Blockchain Technology just makes our world better. It does the JOB, and everyone around the world will have one mind, one thought and understand all in one. Looking forward to the future what these new Players will come out!! But again.. as for FTX, it's really unexpected thing that really happened.. But it will heal in time.. and questions of cryptos going to crash? nope.. not a chance.

FED should just move forward and look at the future.. Instead of keeping money... Old Players (old people), just need to learn and advance to the future.. If FED will push the business proposal, coming from the Long Term MIT.. The question to this, is what would be the best and most memory safety and secured when using a programming language? Moving forward, Rust Programming Language is just the best and most better option out of all the developers/software engineers. Once that has fully integrated, the entire MIT, including big companies will go fully support on Rust Programming Language. Rust Programming Language is created by Mozilla Firefox. Then Mozille Firefox having full collaborations on the entire world, they can use it build better Blockchain Technology and Cryptocurrencies. Then, using these advantages, many big opportunities come to places: More improvements & upgrades on blockchain global structure infrastrucutre/global ledgers/global consensus/global validators/global best practices standards/global blockchain liquidations/global blockchain regulations integrated/global blockchain balance sheets.. All of this will make it a better healthy world for everyone. Whole world can strengthen and unite to work together and let the Blockchain do the JOB for us. Then we welcome WEB 3.0!!